Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Interesting Post from Sumo136 on II

[Doug2B]

I think that depends on your timescales.

Drop is IMHO down to hedge funds exiting and a fear factor for PI's

At this moment in time I would hold, too late to sell (hindsight is a wonderful thing) and I would not buy as I don't think anyone knows the bottom - possibly sub £1.00? Wait for the next production or financial reports which are due out soon

I also think when the share price recovers it will be a slow recovery until Stella comes on line with no doubt a few bumps along the way.

In the long term I don't think we have anything to worry about, IAE is well funded and well hedged to ride out this storm (if in fact there is a storm its just the share price causing a panic). In fact I think they will come out ahead a lot better off as they may be able to pick up some cheap extra production from firms who must be going through problems at the moment., if they haven't been so risk adverse as Ithaca.

Part of the problem is that we got used to oil being above $100 but if you go back a 5 years years around $80 was okay and it touched the current on levels in 2012, Look at it realistically if you forget investments etc and concentrate on OPEX costs only, they are sill making around (worst case ) $40 a barrel profit, that's assuming they are getting $90 and costs are $50 and as we know they have hedged, the dollar has gone up and they expect to reduce costs. A profit is a profit some firms are making a loss

Although it is hard,, and that I do try my best to ignore the Share price and look at the company especially the risks and unless there is something we don't know about I cant understand the Share Price at the moment, but one thing I know I will not do is sell at this price.

But as ever DYOT, as when it comes down to it what do people on this Board know, we just try to help each other fathom out what is happening and pass on information